AP Explains: Congress moves to roll back Dodd-Frank law

WASHINGTON - Just over decade ago, the first inklings of the coming recession emerged as a housing bubble fueled by scant regulation, low-interest rates and easy credit gradually began to crater and soon would take the rest of the economy along for the painful ride.
By the time the Great Recession ended in June 2009, almost no one was spared.
Home prices fell 30 per cent on average, the unemployment rate nearly doubled and the S&P 500 lost about half its value. The net worth of U.S. households and non-profit organizations fell by nearly $14 trillion, about 20 per cent.
In the midst of a...Read more ...

Lawmakers have passed a bill to roll back regulations adopted after the 2008 financial crisis.Read more ...

Small banks trump Wall Street on Dodd Frank rewrite

WASHINGTON - Congress on Tuesday rolled back some of the restraints imposed on banks after the 2007-2009 global financial crisis, but big players like Goldman Sachs , Morgan Stanley and JPMorgan Chase , will not be breaking out the champagne.Read more ...